Best Value Stocks To Watch Now – February 04th

Invesco QQQ, ProShares UltraPro QQQ, Rigetti Computing, iShares Bitcoin Trust, AltC Acquisition, PDD, and Marvell Technology are the seven Value stocks to watch today, according to MarketBeat’s stock screener tool. Value stocks are stocks of companies that are currently trading at a lower price relative to their intrinsic value, making them potentially undervalued in the market. These stocks typically have a lower price-to-earnings ratio and may be overlooked by investors, offering the potential for long-term growth and higher returns as the market recognizes their true worth. Investors in value stocks typically look for companies with strong fundamentals and stable earning potential that are trading below their perceived intrinsic value. These companies had the highest dollar trading volume of any Value stocks within the last several days.

Invesco QQQ (QQQ)

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

NASDAQ QQQ traded up $6.09 on Tuesday, reaching $524.20. 18,269,898 shares of the company were exchanged, compared to its average volume of 33,436,695. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15. The business’s fifty day moving average price is $519.78 and its 200 day moving average price is $494.47.

ProShares UltraPro QQQ (TQQQ)

Proshares UltraPro QQQ ETF (the Fund) seeks daily investment results, before fees and expenses that correspond to triple (300%) the daily performance of the NASDAQ-100 Index (the Index). The Fund invests in equity securities, derivatives, such as futures contracts, swap agreements, and money market instruments.

Shares of NASDAQ TQQQ traded up $2.80 during mid-day trading on Tuesday, reaching $83.52. 34,575,740 shares of the company’s stock were exchanged, compared to its average volume of 53,269,445. ProShares UltraPro QQQ has a 52-week low of $48.80 and a 52-week high of $93.79. The company’s 50-day moving average is $83.29 and its 200-day moving average is $74.63.

Rigetti Computing (RGTI)

Rigetti Computing, Inc., through its subsidiaries, builds quantum computers and the superconducting quantum processors. The company offers cloud in a form of quantum processing unit, such as 9-qubit chip and Ankaa-2 system under the Novera brand name; and sells access to its quantum computers through quantum computing as a service.

NASDAQ RGTI traded up $0.17 during trading on Tuesday, hitting $13.64. The stock had a trading volume of 145,701,140 shares, compared to its average volume of 184,849,594. Rigetti Computing has a twelve month low of $0.66 and a twelve month high of $21.42. The firm has a 50 day moving average price of $10.27 and a 200 day moving average price of $4.28. The company has a market capitalization of $2.62 billion, a PE ratio of -35.83 and a beta of 1.26. The company has a quick ratio of 4.84, a current ratio of 4.84 and a debt-to-equity ratio of 0.02.

iShares Bitcoin Trust (IBIT)

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.

iShares Bitcoin Trust stock traded down $1.18 during trading on Tuesday, reaching $56.40. The stock had a trading volume of 33,492,654 shares, compared to its average volume of 48,520,418. The business has a 50 day moving average price of $56.19 and a 200 day moving average price of $44.27. iShares Bitcoin Trust has a 52-week low of $24.13 and a 52-week high of $61.75.

AltC Acquisition (ALCC)

AltC Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was formerly known as Churchill Capital Corp VIII and changed its name to AltC Acquisition Corp.

ALCC traded up $4.32 during trading on Tuesday, hitting $45.93. 32,623,820 shares of the stock were exchanged, compared to its average volume of 723,393. AltC Acquisition has a 1-year low of $10.27 and a 1-year high of $18.80. The stock has a fifty day moving average price of $24.94 and a two-hundred day moving average price of $16.59.

PDD (PDD)

PDD Holdings Inc., a multinational commerce group, owns and operates a portfolio of businesses. It operates Pinduoduo, an e-commerce platform that offers products in various categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverage, electronic appliances, furniture and household goods, cosmetics and other personal care, sports and fitness items and auto accessories; and Temu, an online marketplace.

Shares of PDD stock traded up $8.59 during trading hours on Tuesday, reaching $113.83. 9,918,652 shares of the company’s stock were exchanged, compared to its average volume of 7,927,896. The company has a market cap of $156.61 billion, a P/E ratio of 11.12, a price-to-earnings-growth ratio of 0.29 and a beta of 0.66. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.15 and a quick ratio of 2.15. The company’s 50 day moving average is $101.75 and its two-hundred day moving average is $114.91. PDD has a 1 year low of $88.01 and a 1 year high of $164.69.

Marvell Technology (MRVL)

Marvell Technology, Inc., together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality.

NASDAQ:MRVL traded down $4.16 on Tuesday, reaching $109.40. The stock had a trading volume of 10,252,256 shares, compared to its average volume of 13,101,204. The firm’s fifty day moving average is $112.15 and its two-hundred day moving average is $87.97. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.60 and a quick ratio of 1.11. Marvell Technology has a 12-month low of $53.19 and a 12-month high of $127.48. The company has a market cap of $94.66 billion, a price-to-earnings ratio of -64.35, a P/E/G ratio of 3.71 and a beta of 1.40.